🏡 Lifetime & Later-Life Mortgages in Canterbury

Want to release equity from your property without moving? Serving Canterbury and surrounding areas like St Dunstan’s, Wincheap, Hales Place, and Sturry, we help you understand lifetime mortgages, RIOs, and when a remortgage may be a more cost-effective option.

✅ What We Can Help With

• 🏠 Lifetime mortgage solutions, including drawdown and roll-up options
• 👵 Retirement interest-only mortgages for over-55s
• 💷 Decoding tax-free lump sums versus staged withdrawals
• 📉 Comparing remortgaging vs equity release for cost savings

🔎 Consider These Points

Lifetime mortgages let you stay in your home while borrowing against equity—typically between 20–60%—and repaying later upon sale or care, often with a “no-negative-equity” safeguard.

⚖️ Benefits & Risks

• 💰 Access cash tax-free, without selling your home
• 📈 Interest compounds over time, possibly reducing inheritance
• ⚠️ Can impact means-tested benefits
• ⏳ There may be early repayment charges if moving or remortgaging

🔄 When Remortgaging Works Better

If your current mortgage deal is ending or your property has grown in value, remortgaging can provide funds or better rates—often cheaper than equity release in the long term.

❓ FAQs

ℹ️ What is an RIO?

A retirement interest-only mortgage lets you pay just the interest monthly, with the loan repaid later—often on death or care move.

💷 How much can I release?

Typically 20–60% of your property’s value, depending on age, health, and provider specifics.

🏠 Could downsizing be better?

It may free up more equity and avoid interest build-up—speak to an adviser to compare.

🚀 Next Steps

Share your Canterbury retirement plans or finance needs, and we’ll introduce you to an FCA-authorised equity release or mortgage adviser to explore the best path.